Lucky Cement Awarded MAP’s Corporate Excellence Award
Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Atif Kaludi, Chief Financial Officer of Lucky Cement Limited received the award at the 37th MAP Annual Corporate Excellence Award Ceremony held at a local hotel yesterday. The Corporate Excellence Awards was instituted by MAP in…
Adil Aziz
InfraZamin Pakistan Webinar; Innovative Solutions for Adaption to Climate Change in Pakistan
Pakistan is the 5th most vulnerable country to climate change; therefore, it is critical to build awareness on this subject and more importantly find collective solutions on how to adapt to the impact of climate change. InfraZamin held its first of a series of webinars with the objective of understanding, working with and preparing for…
SBP directed to take action against manipulators of exchange rate volatility
The National Assembly Standing Committee on Finance and Revenue on Tuesday directed the State Bank of Pakistan to take appropriate action against all the banks and exchange companies involved in manipulating volatility of the exchange rate. The State Bank has also been asked to take appropriate action against elements involved in exchange rate manipulation so…
PSX continues with bullish trend, gains 138 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 138.73 points, a positive change of 0.34 percent, closing at 41,350.43 against 41,211.70 points on the last working day. A total of 593,437,368 shares were traded during the day compared to 185,369,288 shares the previous day, whereas the price of…
Islamic Banking network crosses 4000 mark
The outreach of Islamic Banking Institutions (IBI) continues to grow in Pakistan and their branch network crossed 4,000 mark in the fourth quarter of fiscal year 2021-22 with the addition of 103 new branches across the country. According to State Bank of Pakistan’s Islamic Banking Bulletin for the period April- June 2022, the number of…
Qatar to invest in country’s energy, trade, other sectors
The Ambassador of the State of Qatar, Sheikh Sauod bin Abdulrahman bin Faisal Al-Thani, here on Tuesday expressed his government’s intention to invest in various sectors of Pakistan economy, especially in energy, trade and businesses. The investment would help further strengthening the bilateral economic ties between both of the countries, the ambassador said during a…
Trade deficit narrows by 21.42% as exports increase to $7.125 billion in Q1
The imports into the country decreased by 12.72 percent during the period under review and slid down from $18.715 billion last year to $16.334 during the current year The trade deficit witnessed a decline of 21.42 percent, with a considerable decline in imports and upward trend in exports during the first quarter (Q1) of the…
Fiscal deficit contained at 0.3% of GDP
The primary balance during July FY 2023 posted a surplus of Rs 142 billion against the deficit of Rs 5 billion in July FY 2022: Finance Ministry The fiscal deficit during the first month of the current fiscal year (FY 2022-23) has been contained at 0.3 percent against the deficit of 0.4 percent recorded during…
Ahsan Bakhtawari takes charge as President ICCI
Ahsan Zafar Bakhtawari has taken over the charge as President, Faad Waeed Senior Vice President and Muhammad Azhar ul Islam as Vice President of Islamabad Chamber of Commerce and Industry (ICCI) for the year 2022-23 during a ceremony held at Chamber house. Khalid Iqbal Malik Group Leader, Khalid Javed, Mian Akram Farid, Zahid Maqbool, Nasir…
Pakistan’s agricultural products export to China to further grow: Ghulam Qadir
Pakistan has rich potential of the export of agricultural products to China and the present government is taking concrete measures to take advantage of huge demand of fruits and vegetable in the Chinese markets, said Commercial Counsellor, Pakistan Embassy Beijing, Ghulam Qadir. “I think, the increase in the agricultural products exported to China this year…